In our recent REITs Report we spoke with David Aubuchon of  Robert W. Baird & Co. Inc. where he discussed the outlook for REITs and a new asset class of REITs - Data Centers:

“Digital Realty focuses on data centers. That is a fairly new real estate asset class and there’s a huge amount of demand for data centers, given the huge increase in Web-based activities from social networking sites, retailing, outsourcing from corporations, and the amount of video and music that is conducted over the Internet. It’s pretty dramatic. All of that is really increasing the demand for data center space, places to store our data digitally.”

“Digital is the one REIT I cover that could be labeled as having positive fundamen­tals now and for the foreseeable future.”

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This entry was posted on Wednesday, July 29th, 2009 at 9:24 am and is filed under Financial Services Stocks. You can follow any responses to this entry through the RSS 2.0 feed.